protel hotelsoftware GmbH has become a shareholder in the Xn group of companies, and the Xn Hotel Systems Group will now change its name to Xn protel Systems. Xn also has agreed in principle to acquire protel's business in Dubai. Xn protel has been appointed as the North American sales and service provider for protel products, and plans U.S. offices in 2016. Manfred Osthues and Ingo Dignas, two of the founding managing directors of protel, will join the board of directors of Xn protel.
protel's investment will be directed towards increasing Xn protel's presence and capabilities in its existing markets of the UK and Asia PAC and also entry into new strategic markets, in particular the U.S. and UAE. By providing an expanded capital structure, the initiative positions the company to take advantage of the hotel industry's shift to mobile, cloud-based guest technologies. Near-term plans will see the acceleration of sales, marketing and services for protel Air, protel's cloud-native property management system.
As part of the joint investment, Xn protel has also agreed in principle to acquire protel's business and assets in Dubai. With the acquisition expected to be completed in the next few months, protel's Dubai business will be merged with Xn protel's new Dubai-based subsidiary to form a strong new hotel technology business, serving the GCCI region. The new entity will offer several hotel business solutions, including protel PMS, mobile guest apps, business intelligence, CRS, POS, and leisure systems.